Stifel Nicolaus Cuts Deckers Outdoor (NYSE:DECK) Price Target to $147.83

Deckers Outdoor (NYSE:DECK) had its target price cut by Stifel Nicolaus from $887.00 to $147.83 in a research report released on Tuesday morning, Benzinga reports. They currently have a hold rating on the textile maker’s stock.

Other equities analysts also recently issued research reports about the company. Evercore ISI decreased their target price on Deckers Outdoor from $30.83 to $30.56 and set an outperform rating for the company in a report on Monday, July 15th. TD Cowen upped their price objective on shares of Deckers Outdoor from $28.86 to $29.31 and gave the stock a buy rating in a report on Friday, July 26th. Wells Fargo & Company lifted their target price on shares of Deckers Outdoor from $21.53 to $27.78 and gave the company an equal weight rating in a research note on Friday, May 24th. Robert W. Baird increased their price target on shares of Deckers Outdoor from $29.17 to $29.86 and gave the stock an outperform rating in a research note on Friday, July 26th. Finally, Barclays lifted their price objective on Deckers Outdoor from $30.25 to $30.28 and gave the company an overweight rating in a research report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $37.06.

Deckers Outdoor Stock Down 3.3 %

Shares of NYSE DECK opened at $152.11 on Tuesday. The firm’s fifty day moving average is $35.66 and its 200 day moving average is $29.17. Deckers Outdoor has a 52 week low of $80.67 and a 52 week high of $184.48. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 5.19, a PEG ratio of 2.66 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $825.30 million for the quarter, compared to analysts’ expectations of $808.40 million. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 earnings per share. Equities research analysts anticipate that Deckers Outdoor will post 31.6 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In other news, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the transaction, the director now owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its position in Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after buying an additional 23 shares during the last quarter. FinTrust Capital Advisors LLC grew its stake in shares of Deckers Outdoor by 437.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after acquiring an additional 35 shares during the period. Crewe Advisors LLC purchased a new position in shares of Deckers Outdoor during the second quarter valued at approximately $34,000. Contravisory Investment Management Inc. bought a new position in Deckers Outdoor during the first quarter valued at approximately $36,000. Finally, EntryPoint Capital LLC boosted its holdings in Deckers Outdoor by 256.3% in the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.